Weekly ICO and cryptocurrency market analysis from 18.06 to 24.06.2018 | Digital Rating Agency

Weekly ICO and cryptocurrency market analysis from 18.06 to 24.06.2018

25.06.2018

Weekly ICO and cryptocurrency market analysis from 18.06 to 24.06.2018

The crypto market continued to fall during this week, and although it showed signs of a slight recovery in the middle of the week, the sellers were stronger by the end of the week. The total market capitalization has fallen by $ 40.14bn (14.5%) from $ 275.47 to $ 235.33bn.

Stephen Bannon, the former chief strategist of President Trump, seems to have an intention to launch his own cryptocurrency. The idea of ​​Bannon is only in the preliminary stages, but it can lay the foundation for helping entrepreneurs and even foreign countries to create their own cryptocurrencies.

The Blockchain Ireland project led by companies such as Enterprise Ireland, IDA and ConsenSys, a company created by Joe Lubin, one of the co-founders of the popular Ethereum cryptocurrency, was launched this week. The goal of the project is to position Ireland as a center of excellence in the field of Blockchain technologies.

Phillip Nunn, the CEO of Blackmore Group and Wealth Chain Group,  confirmed his prediction, which he made back in January. He still believes that bitcoin will reach $ 60,000 this year.

But as always, there was bad news. The Bithumb exchange, based in Seoul, once the world's largest crypto exchange, which is ranked sixth in the world, according to CoinMarketCap, and second in terms of the crypto exchange in South Korea, suspended its work and withdrew its funds after losing its cryptocurrency in the amount of $ 30M as a result of hacking on June 20. The management of Bithumb immediately stated that the company will cover all losses so that users are not harmed. We remind that recently, another South Korean exchange Coinrail has also been hacked, losses were estimated at more than $ 37M.

It's not been that long since the launch of EOS Mainnet, but the community already calls into question its decentralized nature. EOS network was frozen due to an unknown problem last week and 21 manufacturers of the network blocks that check transactions and blocks froze 7 accounts supposedly owned by thieves who stole funds with phishing and other kinds of attacks. The main arbitration forum (ECAF) created to resolve disputes in the EOS network, sent out another request instructing block manufacturers to freeze another 27 accounts.

An alarming message came from John McAfee, the cryptocurrency expert, who told in Twitter that he had been assassinated this week. He was taken to the Vidant  Medical Center in North Carolina in critical condition after that. According to his report, "he was poisoned by enemies", after which he lost consciousness for two days while doctors have desperately tried to save his life. Earlier in the week, McAfee wrote that the SEC sent him a series of "threats" that forced him to stop promoting ICO and digital assets on his Twitter page.

Bitcoin price broke the psychologically important mark of $ 6000 at the end of the week, dropping to $ 5,826 on June 24, although it was corrected the next day to $ 6200. Bitcoin lost more than 14% by the end of the week.



*Provided by coinmarketcap.com


Bitcoin's market capitalization has shown its minimum values since the beginning of this year, for the first time it was less than $ 100bn and has lost $ 11.7bn in a week, falling from $ 115.843bn as of June 18 to $ 99.707bn as of June 24. In percentage terms, the drop was 10.5%.

The total altcoins capitalization (excluding Bitcoin) has also decreased from $173,609bn to $151,712bn (12,6%), falling almost synchronously with the drop in Bitcoin's capitalization.



*Provided by coinmarketcap.com


Bitcoin dominance index has slightly increased within 1%.



*Provided by coinmarketcap.com


Bitcoin price broke the psychologically important mark of $ 6000 at the end of the week, dropping to $ 5,826 on June 24, although it was corrected the next day to $ 6200. Bitcoin lost more than 14% by the end of the week.




*Provided by DRI DigRate

The DRI index (market capitalization index, cleared of "dead" and non-traded coins) has decreased by 12,9%: from $247,07bn to $215,11bn.


InsurChain, LatiumX and Dignity became gainers of the week, the prices of their tokens have increased by 43%, 39% and 38% respectively. PundiX, Penta and Bodhi are losers of the week.


Тоp 5 gainers (cryptocurrencies with an average daily turnover of at least $ 1 million):


Token name

Ticker

Volume (24h)

Price (24.06.18)

7d growth %

InsurChain

INSUR

$2 260 330

$0,001972

42.52%

LatiumX

LATX

$7 553 700

$0,097735

38.91%

Dignity

DIG

$2 846 740

$0,137029

38.24%

Feathercoin

FTC

$1 548 480

$0,104474

35.33%

Streamr DATAcoin

DATA

$2 277 400

$0,084884

28.27%


Тоp 5 losers (cryptocurrencies with an average daily turnover of at least $ 1 million):

Token name

Ticker

Volume (24h)

Price (24.06.18)

7d fall %

PundiX

NPXS

$15 232 800

$0,005110

−56.98%

Penta

PNT

$10 154 200

$0,009157

−50.01%

Bodhi

BOT

$2 403 040

$0,239922

−45.31%

Lympo

LYM

$6 162 120

$0,043128

−42.15%

Skycoin

SKY

$3 006 310

$5,89

−36.06%



13 ICOs were completed during this week, only 8 projects of which were able to collect the softcap.


The total amount of raised funds was $ 62,1M, which more by $5,9M than the previous week. The number of completed ICOs has decreased by 4 projects: from 17 to 13 per week.



The number of ICOs and collected funds for the current and past week:

Index

11.06-17.06

18.06-24.06

Total ICOs / $ million

17 / 56,2

13 /62,1

Active  / $ million

5 /56,2

8 /62,1

Failed  / $ million

12 / -

5 / -

Dead  / $ million

0 / 0

0 / 0



Gainers of the week:

Project name

Ticker

Raised, $ million

Blue Whale

BWX

22,7

CryptalDash

CRD

15,3

ICO HeadStart

MOAT

11

Raised in total


49



Scam of the week


Turcoin — according to reports in local media, the Istanbul-based company Hipper Inc. has attracted investments through the launch and sale of the national cryptocurrency Turcoin. Launched by Mehmet Aydın and Sadun Kaya as a "competitor to bitcoin" the company attracted the attention of Turkish celebrities. The company promised customers a monthly income of 250 Turkish liras for investments of 1500 lire and an annual income of about 3000 before executives fled the country with depositors' funds. Another partner of Hipper Inc. - Mohammed Satiroglu - rejects charges in his address.


Announcement of ICO projects from 25.06 to 01.07.2018


Analysts of the rating agency for the evaluation of digital assets Digital Rating Agency selected the 5 most attractive projects from June  25 to July 1, 2018.


1. Essentia, ICO starts 25/06/2018. Category: Infrastructure. No DigRate score.


Essentia is a set of multichain protocols, which is a modular structure that will allow users to manage their digital data, ensuring complete confidentiality and quality control over all processes. The project is already integrated into such major networks as Bitcoin, Ethereum, Gnosis, Storj, Aragon and KyberNetwork.


2. Etherisc, ICO starts 25/06/2018. Category: Insurance. No DigRate score.


Etherisc is a decentralized platform for creating collective insurance plans, containing templates of insurance products and offering license of insurance services. With Etherisc, everyone can now create and use their own insurance products.


3. Quadrant Protocol, ICO starts 26/06/2018. Category: Data management. No DigRate score.


Quadrant Protocol is a blockchain platform for data verification and management that will help to structure data sets and organize a clear system of reliable data on a decentralized basis. The platform will exist in the form of a community uniting suppliers and buyers of various kinds of data.


4. Origin Protocol, ICO starts 28/06/2018. Category: Commerce - Infrastructure. No DigRate score.


Various platforms specializing in sharing economy receive more than $ 40bn commissions annually. Origin Protocol is aimed to challenge this market by creating a decentralized marketplace competing with Airbnb, Booking, Uber, etc. - without centralized servers and intermediaries charging commissions.


5. Sparkster, ICO starts 30/06/2018. Category: Infrastructure. No DigRate score.


Sparkster offers a platform that facilitates the creation of decentralized applications as much as possible, allowing anyone to create DApps without programming skills. The code can be written in English in the form of a small technical project, after which the system transforms it into a software issuing the finished product.